Nikkei Asia (October 31)
“A record sell-off of China stocks has revealed investors’ fears over the country’s largest companies after Xi Jinping secured his third term,” cementing his grip on leadership. Any hopes “that China’s down-beaten tech sector would revive” or that more open borders might “boost the economy were apparently dashed” when the CCP’s national congress affirmed a Politburo Standing Committee most “notable for a lack of reform-minded top leaders.”
Tags: Borders, CCP’s, China, Companies, Dashed, Down-beaten, Economy, Fears, Grip, Hopes, Investors, Leadership, Politburo Standing Committee, Record, Reform, Sell-off, Stocks, Tech sector, Xi
Institutional Investor (August 16)
“With everybody worried about a cash crunch, the private equity secondaries market is expected to hit a new record. Investors are expected to sell stakes in private equity funds worth $153 billion in 2023, according to the latest PE secondaries report from Lazard’s private capital advisory team.”
Tags: $153 billion, 2023, Cash crunch, Funds, Investors, Lazard, Private equity, Record, Secondaries market, Sell, Stakes
USA Today (June 12)
“A historic heat wave in the West was forecast to roll eastward this week after Phoenix, Las Vegas and Denver joined a plethora of cities and towns posting record temperatures and more than 50 million Americans sweltered under heat advisories.” Across a large swathe of the country, temperatures are “ranging from 10 to 30 degrees above normal for this time of year.”
Tags: 50 million, Denver, Heat advisories, Heat wave, Historic, Las Vegas, Phoenix, Record, Temperatures, U.S.
Investment Week (May 9)
“BP’s latest plan to buy back $2.5bn of stock this quarter has pushed forecasts for FTSE 100 firm buybacks to be on track for a record high in 2022. FTSE 100 firms are now planning £37bn of share buybacks this year, compared to the prior record of £34.9bn in 2018.”
Wall Street Journal (February 1)
“Despite record-high case numbers, the U.K. and other governments across Europe responded to Omicron with lighter restrictions than any previous wave of the virus, allowing businesses to remain open.” Moreover, individuals and businesses have “adapted to restrictions, minimizing the effects.” As a result, economic growth in Europe has slowed far less than during previous surges.
Tags: Businesses, Cases, Economic growth, Europe, High, Individuals, Omicron, Open, Record, Restrictions, Slowed, U.K., Virus
AP News (January 13)
“Earth simmered to the sixth hottest year on record in 2021.” This “did not represent a cooling off of human-caused climate change” as La Nina lowered temperatures. Indeed, 2021 was the hottest La Nina year ever and “part of a long-term warming trend that shows hints of accelerating.” Data from both NASA and NOAA show “the last eight years have been the eight hottest on record.”
Tags: 2021, Accelerating, Climate change, Cooling, Earth, Hottest, Human, La Nina, NASA, NOAA, Record, Temperatures, Warming trend
Chicago Tribune (January 3)
“Chicago-area hospitals are postponing many elective surgeries, as Illinois on Sunday set a record for COVID-19 hospitalizations…. Statewide, there were 6,294 COVID-19 patients in the hospital, surpassing the previous peak of 6,175 on Nov. 20, 2020.” In addition to the influx of COVID-19 patients, hospitals are struggling with “industrywide staffing shortages” worsened by staff testing positive to breakthrough infections.
Tags: Chicago, COVID-19, Elective surgeries, Hospitalizations, Hospitals, Illinois, Patients, Postponing, Record
The Guardian (December 28)
The UK has seen another record rise of daily Covid cases, with 138,831 reported in England, Scotland and Wales alone.” Still, there may be cause for hope. “Although hospital admissions had increased in recent weeks as Omicron spreads through the population, fewer patients were needing high-flow oxygen and the average length of stay was down to three days.”
Tags: Admissions, Cases, Covid, England, Hospital, Omicron, Oxygen, Patients, Record, Rise, Scotland, UK, Wales
The Street (November 11)
“Amid record low inventory and sky-high demand, the average American home now sits on the market for only seven days — a phenomenon that is pushing many homeowners into moving quickly.” The National Association of Realtors found “the time that a home spent on the market before going into contract” hit a record low of “seven days between July 2020 and June 2021.”
Washington Post (October 2)
“The commercial pipeline that each year brings $1 trillion worth of toys, clothing, electronics and furniture from Asia to the United States is clogged and no one knows how to unclog it.” The median cost of container shipping *from China to the West Coast of the United States hit a record $20,586, almost twice what it cost in July, which was twice what it cost in January.” Supply chain problems are now “expected to last through 2022.”
Tags: 2022, Asia, China, Clogged, Clothing, Commercial, Container, Cost, Electronics, Furniture, Pipeline, Record, Shipping, Supply chain, Toys, U.S., West Coast
